Big Opportunities in Emerging Market Small and Mid-Caps

Emerging markets are expected to continue their dramatic growth in the coming decades, and are likely to make up an increasingly greater portion of global GDP. The small and mid-cap companies in the emerging markets are on a similar trajectory, propelled by a variety of innovative strategies. Greater access to formal banking and additional financial security is advancing lending, and enabling more frequent consumer spending. Consumer goods companies are gaining edges in their ability to bring unique products to customers. Education and healthcare companies are innovating to meet growing demand. Media companies are profiting through broad syndication of existing content on various global platforms. These innovations, combined with increasing education and skill levels, have helped small and mid-cap emerging market companies compete on the global stage.

Oppenheimer Emerging Markets Innovators Fund looks for companies with sustainable advantages and innovative or disruptive business models. A bottom-up fundamental approach is used to choose investments over a three- to five-year time horizon. The Fund’s investment approach is indifferent to benchmarks. Both the sector and geographic allocations are a by-product of the companies in which it invests.

Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. These risks are magnified in frontier markets. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk. Small and mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a small or mid-sized company, if any gain is realized at all. Investments in securities of growth companies may be volatile.

These views represent the opinions of OppenheimerFunds and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the open of business on the publication date, and are subject to change based on subsequent developments.

This material is provided for general and educational purposes only, is not intended to provide legal or tax advice, and is not for use to avoid penalties that may be imposed under U.S. federal tax laws. OppenheimerFunds is not undertaking to provide impartial investment advice or to provide advice in a fiduciary capacity. Contact your attorney or other advisor regarding your specific legal, investment or tax situation.

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Investing involves risks including possible loss of principal.

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